Six-Day Streak for Dow in Danger - InvestingChannel

Six-Day Streak for Dow in Danger

Stock futures declined on Thursday as a recent slate of disappointing earnings dampened investor sentiment.

Futures for the 30-stock index shed 85 points, or 0.2%, to 39,110.

Futures for the S&P 500 slid 8.5 points, or 0.2%, at 5,204.25.

Futures for the NASDAQ Composite dipped 38.5 points, or 0.2%, to 18,148.

A fresh batch of quarterly earnings reports came out below Wall Street’s expectations, pushing stocks slightly lower in premarket trading.

Warner Bros Discovery shares slid 4.4% after reporting a miss on the top and bottom lines, while semiconductor company Arm lost more than 7.5% over lackluster revenue guidance. Airbnb pulled back more than 9% after a weak guidance overshadowed a first-quarter beat.

In Japan, the Nikkei 225 slipped 0.3%, while in Hong Kong, the Hang Seng Index perked 1.2%.

Oil prices climbed 66 cents to $79.65 U.S. a barrel.

Gold prices took on 50 cents to $2,322.80 U.S. an ounce.

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